Queensland-based Premium Wealth Management has signed advisory firm Platinum Wealth Management to its network, bringing the dealer group’s practice numbers to 23.
The move is part of Premium’s plan to expand its network to 40 to 50 firms within the next five years. Platinum is the group’s second Queensland alliance in as many months after Meridien Wealth Management joined in August.
Premium chief executive Paul Harding-Davis said he planned to continue to actively grow the firm with more quality practices.
“We’re very keen to add a few more practices in Queensland and a few more in Victoria too,” Harding-Davis told InvestorDaily.
“We’re happy and interested in more recruits in NSW as well, but where we would particularly like to strengthen the group is Queensland and Victoria.”
The recently announced accountants’ licensing program was also anticipated to lead to additional recruitment in the near future, he said.
“We will offer the three tiers of licensing and the support services that go along with it, such as monitoring, audit and training,” he said.
“Additionally, accountants will need to be RG146 compliant, so we provide access to the necessary training packages, along with a sensible pricing model.
“As most of our advisers are part of accounting firms, we also offer significant advantages with our collegiate approach to knowledge sharing. We believe the referral opportunities this will create will also be of significant value for the advisers in our network.”
In August, Premium announced it had signed up financial advisory firm Meridien Wealth.
The business was purchased by former fund manager David Adiseshan and became a corporate authorised representative of Premium on 25 June.
